A tailor-made insurance against natural catastrophes
A natural catastrophe can take all your possessions at once. But it might also ruin whole communities and cooperatives in the long run, by destroying their financial base and making reconstruction impossible. A novel insurance product aims to protect cooperatives in the Philippines from insolvency following typhoons. DHI provides online real-time monitoring of weather events all over the country, serving as the basis for the insurer’s payout scheme.